Specialist investor in modern, purpose-built care homes, Target Healthcare, has announced its £15m acquisition of a newly developed care home in Bicester, Oxfordshire.
Finance
The National Care Forum (NCF) has announced it is partnering with care sector VAT specialist, Kieran Lynch & Co.
Award winning East Yorkshire care provider, Yorkare Homes, has received £1.25m in funding support from HSBC UK.
A financial analyst has warned that one in ten care homes could be forced to close as a result of the coronavirus crisis.
West Midlands based healthcare provider Armighorn Capital has acquired Amberleigh House Care Home in Aintree, Liverpool.
Campaigners have called for financial aid to be given directly to care providers to prevent many going out of business during the coronavirus outbreak.
Four Seasons Healthcare has said it expects a 12-fold rise in PPE costs and drop in occupancy rates due to COVID-19 to cost £15m.
The UK’s largest care home operator, HC-One, has written to local authorities requesting an income guarantee during the coronavirus crisis.
The UK’s largest care home provider, HC-One, has warned that a decline in occupancy and higher costs has left it struggling to meet loan repayments.
Care England has issued a stark warning of the “severe financial implications” of the coronavirus crisis for the care sector.
